Strive CEO: Sharp STRC, SATA Drops Were Leverage Liquidations, Not Credit Failures
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On June 19 Strive CEO Matt Cole said the steep sell-off in Strategy’s STRC and Strive’s SATA was driven by forced liquidations by leveraged investors rather than deterioration in the issuers' financial strength. In a highly volatile session STRC fell to $82.50 and SATA into the low $90s before both partially recovered as buyers returned, highlighting leverage-driven liquidation risk and short-term token performance volatility in crypto markets.
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Strive CEO Matt Cole said on June 19 that the recent steep sell-off in Strategy’s STRC and his company’s SATA was caused by forced liquidation from leveraged investors and not by any deterioration in the financial strength of the issuers.
His comments came after one of the most volatile trading sessions the sector has ever seen, with STRC falling to $82.50 and SATA dropping into the low $90s before both recovered as buyers stepped back into the market.
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